Welcome to our dedicated page for Wendys Co news (Ticker: WEN), a resource for investors and traders seeking the latest updates and insights on Wendys Co stock.
Wendy's Company (NASDAQ: WEN), the global quick-service restaurant chain renowned for its fresh, never-frozen beef and square hamburgers, maintains this dedicated news hub for investors and industry observers. Access timely updates on corporate developments, financial performance, and strategic initiatives directly from the source.
This comprehensive resource aggregates all official Wendy's press releases and verified news coverage, providing stakeholders with a centralized location to track earnings announcements, leadership changes, menu innovations, and expansion efforts. Users gain efficient access to both high-level business updates and detailed operational developments.
The curated collection includes quarterly financial disclosures, partnership announcements, sustainability initiatives, and technology implementations across Wendy's global franchise network. Each entry maintains strict editorial standards to ensure accuracy and relevance for investment research and market analysis.
Bookmark this page for streamlined monitoring of Wendy's corporate trajectory within the competitive QSR sector. Check back regularly to stay informed about material developments that shape the company's market position and operational strategies.
The Wendy's Company has achieved a significant milestone by opening its 1,000th international restaurant in Croydon, UK, on November 16, 2021. This follows the establishment of its 400th location in Canada and 300th in the APMEA region earlier this year. Wendy's aims to expand its global presence, targeting 8,500 to 9,000 restaurants by 2025. President Todd Penegor expressed pride in this growth, supported by franchise partners and teams worldwide.
The Wendy's Company (Nasdaq: WEN) reported its third quarter results for 2021, highlighting a 4% increase in total revenues to $470.3 million and a 13% year-to-date jump in revenues. Global same-restaurant sales grew 3.3%, with U.S. sales up 2.1%. The company announced a quarterly dividend of $0.12 per share and increased its share repurchase authorization by $80 million. Despite challenges, including rising operational costs and a decline in company-operated restaurant margins, net income rose 3.6% to $41.2 million.
The Wendy's Company (Nasdaq: WEN) has expanded its Board of Directors from 11 to 12 members, with the appointment of Richard (Rick) H. Gomez, effective November 4, 2021. Gomez, formerly the Executive Vice President and Chief Food and Beverage Officer for Target, brings over 20 years of experience in managing consumer food brands. Chairman Nelson Peltz highlighted Gomez's expertise in marketing and corporate social responsibility, emphasizing its importance for Wendy's future initiatives. Gomez expressed enthusiasm about contributing to Wendy's growth and partnerships.
Wendy's honors Veterans Day by offering a FREE breakfast combo to veterans and active military members with valid military ID or Veterans Advantage card. This promotion takes place on November 11, 2021, from 6:30 AM to 10:30 AM at participating locations. The company recognizes its founder, Dave Thomas, a veteran, as part of its commitment to support the military community. Service members can also access ongoing perks through the Veterans Advantage program.
Dublin, Ohio – On November 1, 2021, Wendy's announced a promotional offer for its breakfast biscuits. Customers can purchase either the Sausage, Egg & Cheese or Bacon, Egg & Cheese Biscuit for just $1 during breakfast hours at participating locations nationwide. This limited-time promotion aims to provide a better breakfast option featuring fresh-cracked eggs and real buttermilk biscuits. The offer is available throughout November and can be ordered online or via the Wendy's mobile app.
Wendy's has partnered with Berry Global and LyondellBasell to enhance the sustainability of its packaging materials, aiming for 100% recyclable customer-facing packaging by 2026. This collaboration marks a first in the quick-service restaurant industry with the introduction of clear plastic drink cups containing 20% recycled plastic. The initiative is expected to divert 10 million pounds of waste from landfills in its first two years, significantly increasing recyclability and promoting a circular economy in North America.
The Wendy's Company (Nasdaq: WEN) will announce its third quarter 2021 results on November 10, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day, with a live webcast available on the Company's Investor Relations website. Domestic callers can join at (866) 211-4759, while international participants can dial (647) 689-6752. Archived materials and the webcast will be accessible post-event on the same site.
Wendy's and Google Cloud have formed a partnership aimed at enhancing the restaurant experience through data-driven insights. Wendy's plans to utilize Google Cloud's AI, machine learning, and data analytics to modernize operations and improve customer interactions across various platforms. The initiative includes reimagining the dining experience and developing new food ordering methods. Key tools involved in this collaboration include Looker for analytics and Anthos for application management.
DUBLIN, Ohio, Sept. 21, 2021 /PRNewswire/ -- Wendy's and Uber Eats announce Newb School, a gaming initiative where fans can enroll by ordering $20 or more of Wendy's food through Uber Eats from Sept. 21 to Sept. 30. Participants will receive access to gaming tutorials from renowned gamers like Courage and Myth. This partnership aims to strengthen Wendy's connection with the gaming community following last year's successful collaboration. The initiative highlights Wendy's commitment to engaging with fans while enjoying their favorite meals.
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